Items Tagged with 'homeownership rate'

ARTICLES

  • Buying a home earlier in life can seriously boost your financial picture in retirement

    Urban Institute highlights financial impact of delayed homeownership
    Burdened by student debt and less inclined to marry young, Millennials are putting off homeownership, waiting longer to buy a home than generations past. But a recent study by the Urban Institute reveals the financial impact of delaying homeownership, revealing that those who purchased in their younger years carry more wealth into retirement and suggesting that young adults "take into account the long-term consequences of renting when homeownership is an option."
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  • Millennials drive homeownership rate increase in Q3

    First-time homebuyers transition from renting
    The homeownership rate increased slightly in the third quarter, both month-over-month and annually. This increase was driven primarily by first-time homebuyers as more Millennials opted out of renting, and entered into the homeownership market.
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  • Here are 5 reasons the Millennial homeownership rate is low

    Urban Institute breaks down the data
    For years, several factors have been tossed around such as high home prices, fear over the last housing crisis, delays in family formation and even student loans as reasons why the younger generation is holding out. But now, the Urban Institute released a study that shows the actual data behind these factors, revealing what is really holding Millennials back from homeownership.
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  • Younger generation can’t afford to buy a home

    Paychecks aren’t keeping up with home prices, and first-time homebuyers are stuck
    We’ve come a long way since the 1950s – 20-somethings just aren’t getting hitched, moving to the burbs and popping out three kids like they used to. And good thing, because they couldn’t afford it. New research from Freddie Mac reveals homeownership rates among young adults has dropped and isn’t likely to pick up any time soon.
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  • Is the rent finally too damn high? Rent households fall again, homeownership holds steady

    Median asking rent continues climbing
    Is a combination of high rents and shifting demographics driving a move from renting to buying? The latest data from the Census Bureau shows that may be exactly what’s happening. On Thursday, the Census released its quarterly report on residential vacancies and homeownership. And the report had some good news and bad news, depending on which industry you’re in.
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  • Here are Q1 2018's homeownership drivers

    Hispanics, Millennials, vacancies
    The homeownership rate was not statistically different from last year in the first quarter of 2018. That said, the homeownership rate did increase slightly, in some demographics more than others, and these were some of the driving factors.
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  • How social enterprise is going to rebuild homeownership

    Nonprofits touch hundreds of thousands of potential first-time homebuyers
    Everyone from homebuilders to mortgage lenders and real estate professionals want to see the homeownership rate increase. These traditional pillars of the market are retooling their products and services and hoping for success. But another, often overlooked, player in the market is reconfiguring its business in order to put more wind in the sales of homeownership.
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  • Homeownership rate reaches highest level in three years

    But remains historically low
    The national homeownership rate reached its highest level since the fourth quarter of 2014, but while the rate has been steadily rising since 2016, it still remains historically low. But there is one population which stands above the rest with its homeownership rate increase.
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